Acacia Communications stock falls after company's Q1 earnings top views [MarketWatch]
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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Source: MarketWatch
Acacia Communications stock falls after company's Q1 earnings top views Acacia Communications Inc. ACIA, +0.17% shares fell 3% in the extended session Thursday after the network technology company swung to a quarterly profit and reported adjusted earnings and sales that topped views. Acacia said it earned $7 million, or 17 cents a share, in the first quarter, versus a loss of 23 cents a share in the year-ago period. Adjusted for one-time items, Acacia earned $15.4 million, or 37 cents a share, in the quarter, compared with 10 cents a share a year ago. Revenue rose 44% to $105.2 million. Analysts polled by FactSet had expected Acacia to report adjusted earnings of 28 cents a share on sales of $101 million. The company guided for revenue between $104 million and $112 million in the second quarter, and adjusted EPS between 28 cents and 42 cents for the quarter. The analysts surveyed by FactSet expect adjusted EPS of 36 cents on sales of $108 million for the quarter. Have breaking new
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